by usoftax_admin | Nov 22, 2024 | Tax News
The Internal Revenue Service is incorrectly applying the U.S. tax code in denying Liberty Global’s claim for $248 million in foreign tax credits tied to its sale of a Japanese affiliate, the telecommunications company told the Tenth Circuit. by usoftax_admin | Nov 22, 2024 | Tax News
The Internal Revenue Service continues to work on final rules for the donor-advised fund excise tax and is taking into account public comments on its proposed rules, such as concerns that the definition of donor-advised funds is too broad, an agency official said... by usoftax_admin | Nov 22, 2024 | Tax News
A Texas federal court must dismiss parts of Halliburton’s $35 million tax refund lawsuit because the company failed to raise two grounds of relief in its administrative claim for a refund, the U.S. argued. by usoftax_admin | Nov 22, 2024 | Tax News
In this week’s Taxation With Representation, Amcor PLC buys Berry Global Group Inc., AeroVironment buys BlueHalo, Robinhood Markets Inc. acquires TradePMR, and Comcast Corp. spins off a suite of NBCUniversal cable television networks. by usoftax_admin | Nov 22, 2024 | Tax News
Tier 2 tax rates for railroad employees, employers and employee representatives in 2025 will remain unchanged, according to an Internal Revenue Service announcement Friday. by usoftax_admin | Nov 22, 2024 | Tax News
US partner Matthew Chen was named as potentially the first overseas PwC staffer implicated in the tax leaks scandal, in a dramatic week for the ‘big four’ firm